Disney is bringing back two fan favorites in order to “improve the guest experience” at its Florida parks, the company said.
Starting Jan. 9, 2024, date-based tickets, the Walt Disney World Resort’s standard ticket option, will no longer require guests to make an additional reservation at specific theme parks. Currently, guests undergo a two-step process when buying standard tickets, which involves purchasing admission to the resort on a specific day and making an additional reservation to enter a specific theme park.
However, a theme park reservation may still be required for other admission types, including non-dated tickets, Disney said.
Additionally, beginning Jan. 9, 2024, Disney is bringing back its popular dining plan option for guests who stay at Disney Resort hotels and purchase vacation packages with the company.
“We know our guests — and families in particular — have missed dining plans, which offer guests the convenience and peace of mind of pre-paying for their meals and snacks,” Disney said in its announcement.
This comes as Disney reports its fiscal second-quarter results, which revealed revenue generated by its parks, experiences and products division increased by 17% to $7.7 billion during the quarter. Theme parks accounted for about $5.5 billion of that revenue.
What this means for investors
Disney reported its fiscal second-quarter earnings after the bell on May 10, and ended the trading session down about 1% to close at $101.14 per share. During after hours trading, shares slipped.
For the quarter, Disney reported revenue of $21.82 billion, which slightly beat the $21.78 billion anticipated by analysts, according to Refinitiv. The company also reported adjusted earnings per share of 93 cents, which was in line with analysts’ expectations.
Here’s how much money you’d have as of May 10 if you had invested $1,000 in the company one, five and 10 years ago.
If you had invested $1,000 into Disney a year ago, your investment would be worth about $939 as of May 10, according to CNBC’s calculations.
If you had invested $1,000 into Disney five years ago, your investment would have increased slightly to $1,023 as of May 10, according to CNBC’s calculations.
And if you had put $1,000 into Disney a decade ago, it would have grown to about $1,655 as of May 10, according to CNBC’s calculations.
When it comes to investing, do your due diligence
Remember, the market is unpredictable and there’s no guarantee that high-performing stocks will continue to do well in the future. For most investors, a more hands-off strategy tends to make sense, rather than attempting to select individual stocks.
If you’re interested in beginning your investment journey, a popular place to start is with the S&P 500, which is a market index that tracks the stock performance of about 500 large, publicly listed U.S. companies.
To do this, experts typically recommend investing in an exchange-traded fund (ETF) or a mutual fund that aims to mirror the performance of an index like the S&P 500. This can be a great way to introduce diversity to your portfolio and spread your investment across a wide variety of companies.
As of May 10, the S&P 500 declined by around 3% compared with its value 12 months ago, according to CNBC’s calculations. On the other hand, the index has surged by nearly 52% since 2018 and increased by about 153% since 2013.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
